logo
episode-header-image
Jul 14
18m 9s

Why saving alone won't make you rich

Equity Mates Media
About this episode

If you are only saving your money, you risk falling behind. You can’t argue the numbers- investing beats saving in the long term. They’re both essential in a healthy financial set up. But we believe that too often, savings play a larger role than they should.


In this episode we explain why and help you find a healthy balance between saving and investing. 


We cover: 

  • The difference between saving and investing.
  • The role they each can play in financial freedom and building wealth.
  • Why saving alone won’t make you rich (Meet the dreaded “I” word; Inflation)
  • How we each balance saving and investing in our own financial set up. 


If you're a serial saver, we're here to convince you that it's time to start investing.


Links Referenced: 


🎧 Listen to: Could you be getting more for your savings? Australia’s best savings accounts 

– July 2025

📞 Have an investing question? Leave us a voicemail, and we'll answer it on the podcast!

🎥 We're on YouTube! Watch full episodes on our brand new Get Started Investing YouTube channel Subscribe here.


—------

Want more Equity Mates?

Sign up to our daily news email

Listen to our original podcast: Equity Mates Investing (Apple | Spotify)

Pick up our books: Get Started Investing and Don’t Stress, Just Invest

Follow us on social media: Instagram, TikTok, & LinkedIn

—------

In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

—------

Get Started Investing is a product of Equity Mates Media. 

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.

Equity Mates Media operates under Australian Financial Services Licence 540697.


Hosted on Acast. See acast.com/privacy for more information.

Up next
Jul 7
How much money do you need to start investing?
"I don’t have enough money to invest.” We hear this a LOT. It’s a common misconception that to be an investor, you have to be earning a high income or have a chunk of spare cash, but that’s not true at all. In this episode we teach you how to get started investing on any budget.W ... Show More
17m 35s
Jul 3
We have a big announcement
One of the biggest episodes in Equity Mates history. We have an exciting announcement to share. It means big things for the future of Equity Mates and our mission to make financial literacy and investing more accessible to all Aussies. Don't worry, we’re not going anywhere. In fa ... Show More
16m 12s
Jun 30
Could you be getting more for your savings? Australia’s best savings accounts - July 2025
Chances are that right now, you have some amount of cash tucked in a savings account. But when was the last time you checked if it’s working hard enough?In this episode, we take you through the top 5 savings accounts on offer right now in Australia. With two interest rate cuts, t ... Show More
15m 3s
Recommended Episodes
Jun 2
Ask an Adviser: Don't do this with your super & tax-efficient investing for kids + more
How do you make smart money decisions when you don’t know what your future looks like? That’s the question to start this episode.Alex and Scott, co-founders of Everest Wealth, join us to unpack big financial questions from the Equity Mates community. Whether you’re juggling savin ... Show More
46m 45s
Nov 2024
How we would invest $100,000 today | Betashares Direct
How would we build a portfolio today if we were given $100,000? That was the question that Betashares asked us, with the only condition that we had to build a portfolio of ASX-listed ETFs. Tune in to hear the principles we'd apply when building our portfolio and the specific ETF' ... Show More
26m 31s
Jan 2025
Ask an Adviser: Pay off mortgage or invest, biggest super mistakes, when to see an adviser - Glen Hare
Ask an Advisor is back for 2025. This is the series where we put your money and investing questions to some of Australia's best financial advisers. Today we're joined in the studio by Glen Hare, cofounder & financial adviser at Fox & Hare. In this episode he answers questions on: ... Show More
48m 46s
Sep 2024
Nvidia's record loss, are hedged ETFs worth it, Australia's shocking savings rate & Pimp my Portfolio
Australia's latest economic data was released last week, and while our GDP grew 0.2% there were plenty of reasons to be concerned. We dig into the data in today's episode. We also cover the news of the day, including:Nvidia just experienced the largest one-day loss of value in hi ... Show More
31m 59s
Mar 2025
Super funds are outgrowing Australia, Pimp my Portfolio with Luke Laretive & the crippling effect of fees
There was always going to be a day when this happened. Australia's superannuation industry has grown to more than $4 trillion assets under management. That is becoming too big for a country with a GDP of $3 trillion and a local stock market with a market cap of $2.7 trillion. So ... Show More
27m 39s
Apr 7
Ask an Adviser: This could save your life (insurance) - Phil Thompson
Phil Thompson, financial adviser and founder of Skye Wealth, is back to help us get our heads around life insurance. In today's episode we speak to Phil about: Why so many Australians are under-insured (and how to figure out if you are)The best ways to save money on premiums The ... Show More
37m 48s
Apr 28
Ask An Adviser: Retirement tax strategies everyone should know - Dylan Pargiter-Green
The more you understand about the Australian financial system, the more you realise there are plenty of ways that those with means find ways to minimise tax. Today, we're sharing two tax minimisation strategies that the wealthy use to boost their retirement savings. To take us th ... Show More
34m 40s
Mar 2025
A good reminder of why we invest, Pimp my Portfolio with Adam Dawes & Katy Perry is going to space
Money doesn't make you happy. But it does give you control over your life. And it turns out, that makes you happy. That was the conclusion of Angus Campbell, a psychologist at the University of Michigan who studied happiness and the biggest predictors of it. For us, it is an impo ... Show More
26m 19s
Dec 2024
ARCHIVE: The one thing you need to invest in (to beat 95% of professional investors)
For Christmas we've gone into the archive to dig out one of our favourite episodes.Everyone talks about diversification, but how diverse do you really need to be? Can you just invest in one fund? Ramin Nakisa is personal finance YouTube royalty in the UK. He walks us through some ... Show More
1h 1m
Sep 2024
Super-for-Housing is still a bad idea, Luke Laretive returns for Pimp my Portfolio and Nick Cregan breaks down the power of real estate platforms
One of Australia's great companies, REA Group, is looking to acquire the biggest real estate portal in the UK, Righmove. Today, we call Nick Cregan from Fairlight Asset Management who has invested in Rightmove to understand what REA Group sees in Britain and where it might go nex ... Show More
38m 54s